Tomer Weingarten Sells 23,063 Shares of SentinelOne (NYSE:S) Stock

SentinelOne, Inc. (NYSE:S) CEO Tomer Weingarten sold 23,063 shares of SentinelOne stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $13.15, for a total transaction of $303,278.45. Following the sale, the chief executive officer owned 1,122,545 shares in the company, valued at approximately $14,761,466.75. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tomer Weingarten also recently made the following trade(s):

• On Tuesday, January 6th, Tomer Weingarten sold 51,595 shares of SentinelOne stock. The shares were sold at an average price of $15.12, for a total transaction of $780,116.40.
• On Friday, January 2nd, Tomer Weingarten sold 6,346 shares of SentinelOne stock. The stock was sold at an average price of $15.04, for a total transaction of $95,443.84.
• On Thursday, December 11th, Tomer Weingarten sold 125,429 shares of SentinelOne stock. The stock was sold at an average price of $15.09, for a total transaction of $1,892,723.61.
• On Monday, December 8th, Tomer Weingarten sold 38,684 shares of SentinelOne stock. The shares were sold at an average price of $14.58, for a total value of $564,012.72.

SentinelOne Trading Up 2.2%

S stock traded up $0.29 during trading on Friday, hitting $13.22. The company had a trading volume of 9,719,576 shares, compared to its average volume of 8,417,990. The stock has a market cap of $4.49 billion, a PE ratio of -10.58 and a beta of 0.77. SentinelOne, Inc. has a one year low of $12.64 and a one year high of $25.24. The business has a 50-day moving average of $14.73 and a 200-day moving average of $16.52.

SentinelOne (NYSE:S) last posted its quarterly earnings data on Thursday, December 4th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $258.91 million during the quarter, compared to analysts’ expectations of $256.19 million. SentinelOne had a negative net margin of 43.04% and a negative return on equity of 14.95%. SentinelOne’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.25) earnings per share. Research analysts forecast that SentinelOne, Inc. will post -0.76 EPS for the current year.

Institutional Trading of SentinelOne

A number of large investors have recently made changes to their positions in the stock. Caprock Group LLC lifted its position in SentinelOne by 2,275.2% during the fourth quarter. Caprock Group LLC now owns 7,749,446 shares of the company’s stock valued at $116,242,000 after purchasing an additional 7,423,177 shares during the period. Norges Bank purchased a new stake in SentinelOne during the 2nd quarter valued at $65,371,000. Diamond Hill Capital Management Inc. bought a new position in shares of SentinelOne during the 4th quarter valued at $35,781,000. Cooper Creek Partners Management LLC bought a new position in shares of SentinelOne during the 3rd quarter valued at $41,416,000. Finally, Vanguard Group Inc. boosted its stake in shares of SentinelOne by 6.5% in the 3rd quarter. Vanguard Group Inc. now owns 36,012,413 shares of the company’s stock worth $634,179,000 after buying an additional 2,191,321 shares during the last quarter. 90.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $24.00 price target on shares of SentinelOne in a research note on Friday, December 5th. Berenberg Bank assumed coverage on shares of SentinelOne in a research report on Tuesday, November 18th. They issued a “buy” rating and a $25.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of SentinelOne in a research report on Monday, December 29th. JMP Securities set a $23.00 price target on shares of SentinelOne in a research note on Friday, December 5th. Finally, Piper Sandler reissued a “neutral” rating and set a $17.00 price objective (down from $20.00) on shares of SentinelOne in a report on Sunday, January 4th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, SentinelOne currently has an average rating of “Moderate Buy” and an average target price of $21.72.

About SentinelOne

SentinelOne, Inc is a cybersecurity company specializing in AI-driven, autonomous endpoint protection. Founded in 2013 and headquartered in Mountain View, California, the firm developed its Singularity Platform to unify prevention, detection, response, and hunting across endpoints, cloud workloads, containers and IoT devices. SentinelOne’s solutions leverage machine learning and behavioral analytics to identify threats in real time, automate remediation workflows and deliver forensics to support rapid incident response.

The company’s flagship product suite includes endpoint security agents, cloud workload protection, identity threat detection and extended detection and response (XDR) capabilities.